Sheen -- fired from the CBS comedy earlier this year -- brought the massive suit against his former employer last March in an attempt to receive compensation for the eight canceled episodes from Men's eighth season, which went on hiatus shortly after Sheen's dismissal.

"Warner Bros. Television, Chuck Lorre and Charlie Sheen have resolved their dispute to the parties' mutual satisfaction," reads a statement from the studio issued Monday. "The pending lawsuit and arbitration will be dismissed as to all parties. The parties have agreed to maintain confidentiality over the terms of the settlement."

Though terms of the settlement have not been disclosed, TMZ.com reports the actor, 46, will get an immediate payout of $25 million, which will spiral to $100 million in syndication profits over the next decade.

The ninth season of Two and a Half Men, featuring Sheen's replacement, Ashton Kutcher, premiered Sept. 19 to a series high 28 million viewers.